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BRICS Bank approves up to US$395 million for elevated corridor in India

Banco do BRICS aprova até US$ 395 milhões para corredor elevado na Índia
Countries
India
Cooperation areas
Economic GrowthInstitutional DevelopmentSustainable Development

Source: Brasil 247 | Original Published At: 2026-09-23 10:07:24 UTC

Key Points

  • The New Development Bank, also known as the BRICS Bank, approved a loan of up to US$395 million for India.
  • The financing will support the Hyderabad Elevated Corridor Project, aimed at modernizing urban mobility.
  • The project targets congestion on National Highway 44 and State Highway 01 through elevated expressways.
  • Expected benefits include shorter travel times, improved urban connectivity, and reduced fuel consumption.
  • The initiative is expected to lower pollutant emissions linked to traffic congestion.
  • The loan reinforces the NDB's role in financing infrastructure and sustainable development in BRICS member countries.
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